BIS Adds 7 Iranian Entities to Entity List for Aiding Russia
The Bureau of Industry and Security added seven Iranian entities to the Entity List for aiding Russia’s military and defense industrial base. The additions, effective Jan. 31, will also be subject to the Russia/Belarus-Military End User Foreign Direct Product rule.…
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They will require a license for all items subject to the Export Administration Regulation, and BIS will review license applications under a policy of denial except for certain food and medicine, which will be reviewed case by case. No license exceptions will be available.